But Cazorla, buoyed by the arrival of German midfielder Mesut Ozil, told Spanish newspaper, Marca: "As confirmed by Atletico president [Enrique] Cerezo there has been no offer. There has been much speculation, but I'm happy at Arsenal and I want to honour my contract with the club."

The playmaker, whose contract expires in 2016, did hint he could return to his homeland when his deal expires.